Please wait while we load the requested 10-K report or click the link below:
Valassis Reports Record Revenues of $1.044 Billion for the Year, Up 13.9%
Fourth-Quarter Revenues Up 26.9%, Exceeds $300 Million
LIVONIA, Mich., Feb. 22 /PRNewswire-FirstCall/ -- Valassis (NYSE: VCI), the leading company in marketing services and Connective Media(TM), today announced financial results for the fourth quarter and year ended Dec. 31, 2004. Fourth-quarter revenues were up 26.9% from the fourth quarter of 2003 to record quarterly revenues of $302.3 million. Fourth-quarter net earnings were $26.8 million, or $0.52 in earnings per share (EPS), including $1.8 million, net of tax, related to non-recurring items. Full-year revenues were up 13.9% to $1,044.1 million with annual net earnings of $100.7 million, or $1.93 in EPS, including the non-recurring items which were equivalent to an increase in EPS of $0.04. Without this gain, earnings for the year were $98.9 million, or $1.89 in EPS, exceeding the previously published EPS range of $1.73 to $1.85.
In 2004, we surpassed the milestone of $1 billion in revenue by diversifying our product portfolio, broadening our customer base and executing effective integrated solutions for our customers, said Alan F. Schultz, Valassis Chairman, President and CEO. Our record revenues are a direct result of the continued implementation of our long-term growth strategy and strong performance from our talented employees. We expect this positive momentum to continue into 2005.
Valassis will hold an investor call today to discuss its fourth-quarter results at 11 a.m. (EST). The call-in number is (800) 218-0204. The call will simulcast on the companys Web site, at http://www.valassis.com , and replay through March 7, 2005 at (800) 405-2236, pass code 11014995. This press release and the Webcast will be archived on the companys Web site under Investor.
The following information was filed by Valassis Communications Inc (VCI) on Tuesday, February 22, 2005 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one year to another to evaluate Valassis Communications Inc's financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Valassis Communications Inc.